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Mortgage, following DMP
Hi, Please bear with me on this one - lots to get through! My wife and I came out of a DMP almost 2 years ago. We sold our house to clear off any existing debts, and went into rented accommodation. We now have no debts, but both have a poor credit rating. I am a director of a company. Between us, my wife and I have 38% of…
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Mortgage options for over 60 in Scotland
I have a relative who will be 61 soon. She is mortgage free, still works and lives in Scotland. She wants to move houses but will the sale of her house wouldn't be enough to buy an equivalant in the area she wants so will need a mortgage in order to make this possible. What are her options at her age? Is it possible for…
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Credit Reference Agencies used by Barclays?
Does anyone know which credit reference agencies Barclays use? I know that they definitely use experian.....but do they also check equifax or call credit?
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Nationwide Texts...
Just a quick one really for anyone still lurking around after having a completed mortgage through Nationwide. How many different texts do they send throughout the process and what does the final one say? We are due to complete on Wednesday and got the text to say solicitors have requested the funds for Tuesday, is there…
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Mortgages for commission based workers?
Does anyone have any experience of getting a joint mortgage where one or both of you work on commission? Due to family circumstances, my OH and I have £130,000 for a deposit/fees/stamp duty. I earn £25,000 a year, but he has a guaranteed basic pay plus car allowance of £29,100 and also has commission based pay. Last year…
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Mortgage for a future buy-to-let
I am thinking of buying a house to live in for a couple of years (or less) with a view to renting after that. At present I think I need a homebuyer mortgage, however in a while I will potentially need to change this to a buy to let. I am a bit concerned about the possibility of being left with early repayment charges for…
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signature of lender needed
My interest only mortgage is due to be repaid in 6 years. Friends Life suggested I take out a policy to guarantee that any shortfall on my endowment would be met. I signed and returned the paperwork agreeing to do this a couple of weeks ago. I've just received a letter back stating that the lender (Halifax) has to sign to…
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Mortgage and probationary period
We have seen a house we really like, we were going to wait until after I was out of my probationary period at work to apply for a mortgage, but are now considering applying sooner. This is our situation: I am three months into a job which has a six month probationary period (I was in my last job for over five years if that…
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BTL mortgages
Hi Everyone, I know some mortgage providers are now saying that they will not accept DSS tenants with their BTL mortgages. Obviously, I want to keep my options open so does anyone know which providers will and which wont accept DSS tenants? I have been looking and some providers don't list their criteria on the internet.…
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HSBC booking fees and current accounts
14 months after I got my tracker mortgage with HSBC their rate dropped from 2.65% to 1.99%, so I am thinking about remorgaging to get the same product and pay about £40 less per month. Their ridiculous booking fee is £999, which will take me a little over 24 months to recover through lower monthly payments (£999/£40). Now,…
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Car finance and mortgage.
Afternoon, I'm new to the forum so apologise if this is in the wrong place! Anyway the question is, me and my partner are looking to get a mortgage around 2016, sooner if possible! I would like a new car too, I know we can afford mortgage, bills and a car between us. When the time comes to getting a new car is it best to…
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Tracker V Fixed
Hi I recently went to see a financial adviser via my employer (NHS) about mortgages, been told they're good and a lot of people use them. The chap told me fixed deal is best just now because the base rate is low; he looked at a few deals and suggest one to me. This deal is 2.78% for 2 years and then it goes up over 5%…
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How much does a new credit card affect chances of getting a mortgage?
I'm applying for a joint mortgage with my partner. We have a 20% deposit and hoping to borrow 4-5x joint salary. He has recently opened a credit card in Jan as he didn't have any credit cards on file in the UK (he's italian). He has other credit history just not credit card. How negatively will lenders see this? He's not…
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Is there a mortgage out there for us?
I'm currently renting and it's possible the house we are supposed to be moving to might be sold from underneath us, could anybody advise us on whether there would be a mortgage for us as we'd love to buy if possible just to get some stability. Current income jointly 58k (approx 8k is enhancements - regular) Current monthly…
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ftb needs advice
Hi All I'm after some advice from your collective money saving wisdom. I'm hoping to buy my first home this year. I will have my deposit saved (5%) in two months. Looking to buy under stamp duty threshold. I've been using nation wide save to buy account and hope to get a mortgage through NW. Sought some advice from a…
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Government Help To Buy Scheme
I was recently turned down for a mortgage apparently due to my affordability. Where's the point in this Help To Buy Scheme if I can be turned down for a mortgage DESPITE being app. £100 per month better off than I am now paying rent? Is there anyone I can speak with about such a farcical situation?
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re-house charges
hi guys, need a bit of advice. daughters in a acrimonious partnership , with a joint mortgage, £113k, Interest only, and NO repayment method. He moved out, and it's been marketed for 2 years, no sale, as unmortgagable due to construction type.so cash sale only. She's moving out to live with new partner, in his house, and…
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miss sell and if so how do i go about it?
i'll try to keep this brief - we bought our house in 2004 - using Equios as a mortgage advisor. property value was 89,000 and we got a mortgage for 105,000. of the 84 was lent as teh mortgage and the remainder as an unsecured loan at teh same rate as the mortgage. obviously we needed some of the difference to be able to…
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Mortgage & Poor credit
Hi, I took a DRO out in May 2010, I currently have 2 credit accounts, one which is with Barclay Card with limit of £500 and the other of a online clothing supplier for £400, none of which I have outstanding debt on. Checked by Experian report and says 'good' with a score of 806, but from reading a number of posts I believe…
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Post Office remortgage valuation
Hi we are hoping to remortgage soon. We don't know how the lender will work out the value though. We purchased 2 years ago and have renovated the property. Prices in my area have also risen significantly. What influences the valuers decision? Will he want to see receipts and building control docs to prove the work done?…
